Sunday, February 18, 2007

The economic psychology of nightclubs

While I waited in the line for pre-sale ticket holders outside a Detroit nightclub (names have been omitted in order to protect the guilty) from midnight to 1 AM on Friday night/Saturday morning, I had an epiphany regarding the economic psychology of nightclubs. It is a often-repeated truism that there is an incentive for a nightclub to try to have a long line waiting outside in order to give the impression that they are the hippest place to be. As I waited in line, I realized that the reason why they made the pre-sale ticket holders wait in line, rather than people who didn't already have tickets, was simple economics. The nightclub has an economic incentive to get non-ticket-holders into the club quickly, because if they make those people wait, they could decide to go home or go to a different club and then that is a lost sale. The nightclub already has the pre-sale ticket-holder's money. They can make the ticket-holder wait in line for an hour on a freezing winter night because the ticket-holder has an economic incentive to stay--(s)he has already spent money for admission in the club, and if they go home (or to another club), that money is wasted. And if there are a lot of pre-sale ticket holders, you fulfill the psychological strategy of having a long line waiting outside to give the impression of being a hip place to be.

The moral of the story: Don't buy pre-sale tickets for a club event unless you are fairly certain that the club is going to be filled to capacity when you arrive.

Tuesday, January 30, 2007

Now playing: Ben Folds - Annie Waits

Saturday, January 27, 2007

Friday, January 19, 2007

Optimal sort

I had been bothered for some time by this vague recollection of a reference to an algorithm that had been optimized several times, most notably by Don Knuth, but then subsequently by someone else. For the record, that was the 16-element sort, and I read about it in Artificial Life by Steven Levy.

Tuesday, December 19, 2006

Now Playing: Black Eyed Peas - Where is the Love?

Thursday, October 19, 2006

 

The University of Rochester at night. Posted by Picasa

Wednesday, October 18, 2006

Recently read: T. R. Reid, The United States of Europe